1813 W SHERMAN Street, Phoenix, AZ 85007
$489,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$489,000
Last Modified:
2/18/2026
Description
Multi-Unit Investment Opportunity in Central Phoenix!
Discover this rare opportunity to own two adjacent properties—1809 & 1813 W Sherman St—sold together as one package. The combined lots feature three separate buildings totaling three units, including two single-family homes and one studio. Each unit offers unique potential for rental income, multi-generational living, or redevelopment in a rapidly appreciating area near downtown Phoenix.
More Information MLS# 6941203
Contract Info
Ownership: Fee Simple
Current Price: $489,000
List Price: $489,000
Status: Active
List Date: 2025-10-29
Location, Tax & Legal
Assessor's Map #: 13
Legal Description (Abbrev): NORTH GRIER PL
Assessor's Parcel #: 56
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 114302
Taxes: 45
Legal: NORTH GRIER PL
Marketing Name: Multi
House Number: 1813
Compass: W
Street Name: SHERMAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3307
County Code: Maricopa
Subdivision: NORTH GRIER PLACE
Assessor Number: 112-13-056
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 132x100
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Kenilworth Elementary School
Jr. High School: Magnet Traditional School
High School: Central High School
Year Built: 1940
Zoning: R-3
Legal Info
Range: 3E
Section: 7
Township: 1N
Lot Number: 8
Project Type
Tri-Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Rolled: 1
Floors
Tile: 1
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 45
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 211200
Pmt & Rate Info
Cap Rate: 10.8
Equity: 489000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Hot Water: 1
Electric: 1
Window/Wall Unit(s): 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Window/Wall Unit: 1
Individual: 1
Tenant Pays
None: 1
Appliances Included
Disposal: 1
Road Surface Type
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Attached Carport: 1
Off Street: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 700
Avg SqFt: 220
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 896
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 2200
Avg SqFt: 1200
# Baths: 2
Remarks Misc
Cross Street: GRANT AND 19TH AVE
Directions: South on 19th ave, east on Sherman St to property on South
Geo Lat: 33.440114
Geo Lon: -112.098697
Income Expenses
Gross Annual Sch Inc: 52800
Net Operating Income: 52800
Property Features
Project Type: Tri-Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition; Rolled
Floors: Tile; Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Appliances Included: Disposal
Heating: Hot Water; Window/Wall Unit(s)
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; Attached Carport; Off Street
Road Surface Type: Gravel; Dirt
Owner Pays: Water; Electric; Gas; Trash Collection
Tenant Pays: None
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Listing Office:
Real Broker
Last Updated: February - 18 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.